Polar Asset Management Partners Inc. Grows Holdings in Wayfair Inc. (NYSE:W)

Polar Asset Management Partners Inc. boosted its position in Wayfair Inc. (NYSE:W - Free Report) by 142.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,653 shares of the company's stock after purchasing an additional 89,053 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.12% of Wayfair worth $6,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in W. J.Safra Asset Management Corp increased its position in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after buying an additional 244 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Wayfair in the 4th quarter worth about $41,000. Venturi Wealth Management LLC purchased a new position in shares of Wayfair in the 4th quarter worth about $45,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Wayfair in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on W. Bank of America lifted their target price on shares of Wayfair from $36.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Mizuho decreased their price objective on shares of Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Wayfair from $63.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Wedbush raised Wayfair to a "hold" rating in a report on Thursday, May 1st. Finally, Canaccord Genuity Group lowered their price target on Wayfair from $68.00 to $58.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.83.

Insider Activity at Wayfair

In other news, CTO Fiona Tan sold 23,835 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now owns 111,128 shares in the company, valued at $3,547,205.76. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the transaction, the insider now owns 559,073 shares of the company's stock, valued at $25,901,852.09. This represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,330 shares of company stock valued at $4,767,406 in the last ninety days. Company insiders own 21.91% of the company's stock.

Wayfair Stock Performance

NYSE:W traded down $0.96 during mid-day trading on Monday, hitting $38.65. 4,296,228 shares of the company's stock traded hands, compared to its average volume of 4,735,223. The company has a market capitalization of $4.90 billion, a P/E ratio of -9.61 and a beta of 2.93. The company has a fifty day moving average of $31.13 and a 200 day moving average of $39.94. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $68.87.

Wayfair (NYSE:W - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. On average, research analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.